Liquefied Natural Gas , Policy & Regulations , International

Chesapeake CEO, Commonwealth LNG Chair Say Europe Must Prepare for Next Winter

In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.

February 2, 2023

Natural Gas

EU Must Extend Gas Demand Curbs to Prepare for Next Winter

Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel. 

February 2, 2023

Natural Gas , Crude Oil , International , Energy Transition

BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use

The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.

February 1, 2023

Business , Earnings , International

Russia Seeks $220 Million in Unpaid Taxes from Exxon

The Sakhalin regional court website lists a claim against Exxon Neftegaz Ltd, Exxon's Russian subsidiary, and the case's hearing scheduled for Feb. 28.

January 31, 2023

Liquefied Natural Gas , Exports

Russia Boosts LNG Exports to Europe by 20% in 2022

According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.

January 31, 2023

Crude Oil , Trade , International

What's Affecting Oil Prices This Week? (Jan. 30, 2023)

Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.

January 30, 2023

Markets , Crude Oil , International

Oil Steadies as Rate Hikes Loom, Russian Flows Stay Strong

Oil steadied on Jan. 30 as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand.

January 30, 2023

Crude Oil , International

Russian Minister: Pakistan to Pay for Oil Purchases in Currency of 'Friendly Countries'

Pakistan's Petroleum Minister Musadik Malik said that Islamabad wants to import 35% of its total crude oil requirement from Russia.

January 20, 2023

Crude Oil , International

Yellen Says Russian Oil Price Cap Could Save African Countries $6 Billion Annually

U.S. Treasury Secretary Yellen says Russia's war in Ukraine is harming Africa's economy and presses for 'timely' debt relief for African countries. 

January 20, 2023

Petrochemicals , Transactions

BASF Shareholders Say Russia Exit Sets Up Oil and Gas IPO

Though ruled out for now given the Russia-Ukraine war, BASF still plans to pursue IPO plans for Wintershall Dea.

January 19, 2023